Mirabella Financial Services LLP Purchases 27,249 Shares of Central Garden & Pet (NASDAQ:CENTA)

Mirabella Financial Services LLP grew its position in Central Garden & Pet (NASDAQ:CENTA - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 630,051 shares of the company's stock after purchasing an additional 27,249 shares during the period. Central Garden & Pet makes up approximately 1.3% of Mirabella Financial Services LLP's holdings, making the stock its 19th biggest position. Mirabella Financial Services LLP owned 0.93% of Central Garden & Pet worth $19,784,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Central Garden & Pet by 30.2% in the 1st quarter. Vanguard Group Inc. now owns 5,636,319 shares of the company's stock worth $208,093,000 after purchasing an additional 1,306,309 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Central Garden & Pet by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,653,753 shares of the company's stock worth $120,682,000 after acquiring an additional 29,780 shares during the period. Victory Capital Management Inc. grew its position in Central Garden & Pet by 1.2% during the third quarter. Victory Capital Management Inc. now owns 2,942,422 shares of the company's stock valued at $92,392,000 after purchasing an additional 36,251 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Central Garden & Pet by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,100,751 shares of the company's stock valued at $65,964,000 after acquiring an additional 38,077 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in Central Garden & Pet by 7.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 1,112,400 shares of the company's stock worth $41,070,000 after purchasing an additional 74,256 shares during the last quarter. Institutional investors and hedge funds own 50.82% of the company's stock.

Central Garden & Pet Stock Performance

Shares of NASDAQ:CENTA traded up $0.04 during trading on Monday, hitting $33.22. 288,865 shares of the stock were exchanged, compared to its average volume of 279,681. The company has a market capitalization of $2.24 billion, a price-to-earnings ratio of 15.31 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.16 and a current ratio of 3.66. Central Garden & Pet has a 1-year low of $27.70 and a 1-year high of $41.03. The company's fifty day simple moving average is $30.80 and its 200-day simple moving average is $33.27.

Analysts Set New Price Targets

Several research firms recently issued reports on CENTA. StockNews.com lowered shares of Central Garden & Pet from a "buy" rating to a "hold" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lowered their target price on Central Garden & Pet from $34.00 to $32.00 and set a "neutral" rating on the stock in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Central Garden & Pet currently has an average rating of "Buy" and a consensus price target of $41.33.

Insider Buying and Selling

In other news, Chairman William E. Brown sold 60,000 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $33.54, for a total value of $2,012,400.00. Following the sale, the chairman now directly owns 1,125,773 shares in the company, valued at approximately $37,758,426.42. This represents a 5.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 20.28% of the stock is owned by company insiders.

Central Garden & Pet Profile

Central Garden & Pet Company produces and distributes various products for the lawn and garden, and pet supplies markets in the United States. It operates through two segments: Pet and Garden. The Pet segment provides dog and cat supplies, such as dog treats and chews, toys, pet beds and containment, grooming products, waste management, and training pads; supplies for aquatics, small animals, reptiles, and pet birds, including toys, cages and habitats, bedding, and food and supplements; products for equine and livestock; animal and household health and insect control products; aquariums and terrariums, including fixtures and stands, water conditioners and supplements, water pumps and filters, and lighting systems and accessories; and live fish and small animals, as well as outdoor cushions.